Question on: JAMB Accounting - 2016
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A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000. The yearly depreciation using the straight line method would be?
A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000. The yearly depreciation using the straight line method would be?
A
N5,200
B
N6,500
C
N8,800
D
N4,400
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Correct Option: A
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